Offering Fix and Flip, Bridge, and DSCR loans. With same day approvals, 3-5 day close time, and lending in 47 states, Park Place Finance will get your next deal funded fast!
Bridge Loans in Hughes, Arkansas
Hughes, AR has 35 hard money bridge lenders offering loans within the city. In this city, the average amount loaned is $288,056. Interest rates for hard money loans average about 11.6%. The median loan issued in this city is 20 months in length. The average note includes a 3.0 point origination cost. Lenders offer on average a 75% loan to value (LTV) on hard money loans in Hughes.
Loan Example 1
Bradley finds a house in Hughes, AR to remodel and resell. Since he doesn't have enough cash available to buy the $280,000 house outright, he decides to take out a private money bridge loan from Evergreen Lending Corporation. The borrower will need to contribute 45% of the sales price in cash to the closing based on a 55% loan-to-value stipulated by the lending company. This makes the principle note from Evergreen Lending Corporation $154,000. The terms of the loan dictate a 10% note for 18 months. They also require a 4 point origination fee, which will also be paid upon closing.
Bradley must bring a total of $32,400 up front to pay the $126,000 down payment plus the $6,160 origination fee. Once the deal is closed and Bradley takes the property, he will have to begin making monthly payments of $1,283 to the lender ($154,000 principle x 10% / 12 months). If Bradley sells the property for $336,000 after 18 months, he would then earn a gross profit of $26,740 after subtracting the principle amount of $154,000, the funds paid at the close of $126,000, the origination points of $6,160, and the total interest payments of $23,100. This amount doesn't include building costs.
Loan Example 2
Robert takes out a bridge loan from Big Money Lending Group so he can remodel a house to re-sell in Hughes, AR. The loan has the following parameters:
$370,000 purchase price
55% loan to value (LTV)
12 month term
11% rate of interest
3% origination fee
If Robert succeeds in his goal of a $536,500 sales price, the outcome of the project will be as follows:
$536,500 sales price
- $203,500 note principle (55% LTV)
- $166,500 cash paid at closing (45% on 55% LTV)
- $6,105 origination points (3% of the $203,500 principle amount)
- $22,385 interest payments (12 months x 11% interest)
-----------------------
= $138,010 gross profit (does not include taxes or rehab costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels.
Temple View Capital
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Kiavi
575 Market Street
San Francisco, CA 94105
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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LOAN FUNDr
34 South Broadway, Suite 204
White Plains, NY 10601
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Sunset Equity Funding
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Culver City, CA 90232
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Rapid Commercial Loans
6136 Frisco Square suite 433
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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REI Capital
5660 Strand Court
Naples, FL 34110
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Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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Primeau Funding
10575 N. 114th St. Suite 103
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Edward Voccola & Co
75 Arlington Street, Suite 500
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11 Capital Finance
20 West Vine Street #575
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
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Riverdale Funding
207 Mockingbird Ln, #402
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Turning Point Capital
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Allied Commercial Funding
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Asset Avenue
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